Differing markets

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These are defined as countries that have some characteristics of a developed market but are not yet developed markets.

They are moving towards a free market-orientated economy, with increasing economic freedom and slow but steady integration with the global marketplace. They contain an expanding middle class and have improving standards of living, social stability and tolerance.

The most high-profile emerging market nations are the so-called BRIC countries of Brazil, Russia, India and China. Other countries which fall into this category include Mexico and Colombia, Hungary and Poland.